TMS Now Ginnie Mae Co-Issue PIIT Approved
TMS, a national financial services and correspondent investor, is now an approved buyer of Ginnie Mae’s Co-Issue program, Pool Issued for Immediate Transfer (PIIT),...
Michael Bright Steps Down as EVP, COO for Ginnie Mae
After 18 months on the job, Michael Bright has suddenly resigned from his post as executive vice president and chief operations officer for Ginnie...
Verus Closes 2018 with Rated $442 Million Non-QM RMBS Transaction
Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, recently completed its seventh rated residential mortgage-backed securities (RMBS)...
Tranched Multifamily CIRT Deal a First For Fannie Mae
Fannie Mae recently completed its first tranched multifamily credit risk sharing transaction - a pool of approximately $10.9 billion of existing multifamily loans.
It was...
FHFA Seeks Input on Use of Alternative Credit Score Models
The Federal Housing Finance Agency (FHFA) is back to exploring the use of third-party credit score models to be used by Fannie Mae and...
Freddie Mac Rolls Out New Loan Program for Manufactured Housing
Freddie Mac is piloting a new conventional loan program for manufactured housing.
The company’s new CHOICEHome program aims to help increase the availability of the...
Testing of New Common Security for GSEs Now Underway
The Federal Housing Finance Agency (FHFA) reports that it is making progress with its plan to develop a single common security for government-sponsored enterprises...
Ginnie Mae Updates Servicing and Issuer Application Rules
Ginnie Mae has published new servicing and issuer application rules aimed at strengthening the stability and integrity of the mortgage-backed securities market.
All Participants Memorandum...
Mortgage Capital Trading Hires Rhiannon Bolen as Regional Sales Manager
Rhiannon Bolen has joined Mortgage Capital Trading (MCT), a mortgage hedge advisory and secondary marketing software firm, as a regional sales manager overseeing the Southern territory.
Bolen...
MCT Adds Geocoding Technology to its Whole Loan Trading Platform
Mortgage Capital Trading reports that it has incorporated its patent-pending geocoding technology into its Bid Auction Manager (BAM) whole loan trading platform.
This will shield borrower addresses...
MIAC Analytics Opens New Technology Center in Bethlehem, Pa.
MIAC Analytics, a provider of pricing, risk management and accounting solutions for the mortgage and financial services industries, has opened a new technology center in Bethlehem, Pa.
The...
Fannie Mae Auctions Another Pool of Nonperforming Loans
VRMTG ACQ (VWH Capital Management LP), a minority woman owned business, is the winning bidder on a pool of nonperforming loans (NPLs) recently auctioned...
Blue Water Introduces Co-Issue Pricing and Trading Platform with Real-Time Capabilities
Blue Water Financial Technologies says it has developed a first of its kind electronic co-issue pricing and trading platform that allows mortgage lenders and...
Blue Water Financial Technologies Hires New Executive Director of Business Development
Jason Sweeney has joined Blue Water Financial Technologies, a provider of asset valuation, MSR distribution, MSR hedging and electronic solutions to mortgage lenders, as executive...
LoanLogics and Optimal Blue Announce Strategic Partnership
LoanLogics and Optimal Blue have announced a strategic partnership, the first part of which involves the integration of LoanLogic’s correspondent lending platform with Optimal...
Multi-Factor Authentication Added to MCT’s Secondary Marketing Platform
As part of its ongoing effort to lead the secondary mortgage market toward stronger data security, Mortgage Capital Trading Inc. (MCT), a mortgage hedge...
Citing Strong Job Market and Improving Economy, Fed Hikes
As was expected, the Federal Reserve on Wednesday raised interest rates by 0.25%, bringing the target range for the federal funds rate to 2.0%...
Dane Smith: Technology Will Become a Larger Factor in Non-QM
There’s more than $200 billion annually in un-met demand from U.S. borrowers who are creditworthy but don’t fit in the conventional or government credit box.
Freddie Mac Now Using DocMagic’s E-Vault Technology
Freddie Mac has implemented DocMagic’s SaaS-based e-vault technology and SmartREGISTRY platform.
DocMagic’s e-vault provides safe and secure storage for sensitive loan documents. It also automatically parses and...
Bipartisan Proposal to ‘Restart the Much-Needed Dialogue’ on GSE Reform
Seeking to “restart the much-needed dialogue around housing finance reform,” U.S. Rep. Jeb Hensarling (R-Texas), chairman of the House Committee on Financial Services, along...